Ethereum
Coinbase predicts bullish surge for ETH despite 2022 underperformance
Leading CEX Coinbase is quite optimistic about ETH’s price potential despite its underperformance in 2022. The exchange says ETH could surprise to the upside in the coming months and sees Ethereum as the heart of the existing DeFi landscape, an unlikely position. will change soon due to the widespread adoption of the Ethereum Virtual Machine (EVM) and its layer 2 innovations. Notably, Coinbase is also optimistic about the approval of the Spot Ethereum ETF in the United States. Even if the first deadline is rejected, litigation risks overturning this decision, while the market as a whole could underestimate the timing and chances of its potential approval.